More from Caitlin Huston
Taylor Swift, Beyoncé Drove “Literally All” of AMC Theatres’ Quarterly Revenue Increase
AMC Theatres beat Wall Street expectations, reporting fourth-quarter revenue of $1.10 billion, up from $990.9 million in 2022 and a net loss of $182 million, compared to a net loss of $287.7 million in 2022. For the full year, the theater chain reported total revenue of $4.8 billion, up from $3.9 billion in 2022. Net […]
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Netflix Becomes Broadway Producer on Peter Morgan’s ‘Patriots’
Netflix has joined as a producer of the stage play Patriots, marking the media giant’s first Broadway producing credit. The play, which is written by Peter Morgan, creator of the Netflix series, The Crown, is set in 1991, after the fall of the Soviet Union, and follows a Russian billionaire, Boris Berezovsky, trying to recruit […]
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How AMC Networks Thinks About Licensing and Developing Content for Other Buyers
The television industry is at the beginning of an era that can be termed “the great rebundling,” said AMC Networks CFO Patrick O’Connell. Speaking at a J.P. Morgan conference on Tuesday, O’Connell pointed to the Disney-Charter deal as a model for streaming services moving forward. He argued with more bundling, and more ad-supported linear networks […]
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Sandra Oh to Star in Off-Broadway Play ‘The Welkin’
Sandra Oh will appear in the Off-Broadway premiere of The Welkin, written by Lucy Kirkwood at Atlantic Theater Company this spring. Oh, known for her starring roles in Grey’s Anatomy and Killing Eve, among many others, has previously appeared on the New York stage in Off-Broadway productions including Satellites, Stop Kiss and Wild Goose Dreams. […]
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Musicians, Studios Reach Tentative Deal On Contract With Streaming Residuals, AI Gains
The American Federation of Musicians has reached a tentative agreement with the Alliance of Motion Picture and Television Producers as of Friday. The agreement, which concerns basic theatrical motion picture and basic television motion picture contracts, comes with “historic breakthroughs” on streaming residuals and protections against AI, according to AFM. The agreement is unanimously recommended […]
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Live Nation Says Concert Attendance Rose 20 Percent Year-Over-Year as Revenue Soars
Live Nation said it had its biggest year ever in 2023, in terms of both ticket sales and attendance. For the full year, the entertainment giant, which also owns Ticketmaster, said concert attendance was up 20 percent compared to the prior year, with more than 145 million fans attending more than 50,000 events. Ticketmaster sold […]
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Courtney Holt Joins Candle Media’s Moonbug Entertainment As Music Exec
Former Spotify and Disney executive Courtney Holt will join children’s media company Moonbug Entertainment as its first global head of music and strategic audio initiatives. The British company, which is part of Candle Media, creates and distributes popular children’s media, including the YouTube channel for Cocomelon and the series Blippi. Holt will help build Moonbug’s […]
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Ella Beatty to Take Over Elle Fanning’s Role in ‘Appropriate’ on Broadway
Ella Beatty will replace Elle Fanning in Appropriate when it transfers to the Belasco Theatre. A Juilliard grad, Beatty is currently appearing in Ryan Murphy’s FX series Feud: Capote vs. The Swans as Kerry O’Shea. She will next appear in the A24 film, If I Had Legs I’d Kick You with Rose Byrne and A$AP […]
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Kevin Hart’s Hartbeat Names Jay Levine as CEO
Former Warner Bros. executive Jay Levine will lead Kevin Hart’s entertainment company as its new chief executive officer. Levine takes over the position at Hartbeat from Hart, who had been serving as interim CEO since Thai Randolph stepped down in November 2023. Levine comes to the position after leading strategy and operations for the WarnerMedia […]
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Why Roku Stock Is on the Rocks
Despite a fourth-quarter earnings beat, growing engagement on the streaming platform to 80 million active accounts, Roku’s stock tumbled more than 20 percent a day after the Feb. 15 earnings announcement. While some analysts continue to believe Roku is just facing some growing pains amid a recovering advertising market, others think the company is now […]
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‘The Very Worst Thing that Could Possibly Happen’ Podcast Tops Ambies Nominations List
The Very Worst Thing that Could Possibly Happen, a fictional podcast from Wolf at the Door about a man who can write letters to his favorite deceased author, topped the Ambies 2024 nominations list with five nods, including podcast of the year. Other contenders for the podcast of the year award include 50 Years of […]
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Cinemark CEO: 95 Wide Release Movies to Hit Theaters In 2024, 75 Percent of Pre-Pandemic Level
Cinemark reported a narrowed fourth-quarter loss of $18 million, compared to a year-earlier loss of $99.3 million, as revenue rose 6.5 percent to $638.9 million, the exhibition giant reported Friday. Quarterly adjusted earnings before interest, taxes, depreciation and amortization (EBITDA), another profitability metric, grew to $79.6 million from $73.5 million a year ago. On the earnings call, CEO […]
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